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people say there were problems under steve jobs as well but people did not care. he got the benefit of the doubt. i remember a metric was off but somehow he got the benefit of the doubt. maybe that was initially but not anymore? >> i would add to that. steve jobs created the benefit of the doubt a distortion field the uncanny ability to focus on what he wanted us to apple had them that the mail service in the and 10 dead didn't work steve jobs had the temerity to say people are not using it correctly but he got us to focus elsewhere and apple was smoke they smaller it is more important now. >> now apple has apologized and people are saying maybe that was a mistake. i find it extremely difficult to criticize tim cook to have the courage and the class to apologize for a problem. i and stand the criticism. to operate a much more erred global scale than apple ever has. i can only applaud the ceo to save the have screwed up go use the competitor's product until then it is a good thing. charles: you watch the stock. late the it looks funny. everybody has a $900,000 targ
people say there were problems under steve jobs as well but people did not care. he got the benefit of the doubt. i remember a metric was off but somehow he got the benefit of the doubt. maybe that was initially but not anymore? >> i would add to that. steve jobs created the benefit of the doubt a distortion field the uncanny ability to focus on what he wanted us to apple had them that the mail service in the and 10 dead didn't work steve jobs had the temerity to say people are not using...
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thanks very much, steve. please stick around. don't go anywhere. our next guest has exclusive hiring information and a survey that shows 58% of companies plan to hire next year, but 69% are waiting for issues to be resolved. >> gary, good to have you here. first, what do you think of today's jobs numbers? do you believe them? do they reflect what you're seeing? >> well, i've probably met with 100 ceos over the last month. it's more of the same. this is not a standing ovation for sure. >> in terms of the numbers. i'm assuming you believe them and that it's not just a great number in terms of the way you look at it. >> no, it's reality. i mean, this is a decade of readjustment. there is a real fight for growth and relevancy today. if you talk to any ceo, and ceos today are looking to innovate then hire, not hire then no innovate. >> what sectors are you seeing where we're getting real hiring going on right now? >> well, the two most obvious are in health care. that'll be 20% of the economy. and technology. those two are very, very strong. on the othe
thanks very much, steve. please stick around. don't go anywhere. our next guest has exclusive hiring information and a survey that shows 58% of companies plan to hire next year, but 69% are waiting for issues to be resolved. >> gary, good to have you here. first, what do you think of today's jobs numbers? do you believe them? do they reflect what you're seeing? >> well, i've probably met with 100 ceos over the last month. it's more of the same. this is not a standing ovation for...
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steve wynn wood leading into this segment. we spent 48 hours here showing cleveland is open for business. we talked to the biggest business leaders from all sectors of the economy from oil to banking to the nfl who have proved this place does rock. it's the place to be. >> we were $8 billion in the hole, the largest deficit in history of the our state and we balanced the budget and built this rainy day fund. then we told the regulators, look, business is not enemy. we need good regulation. we have very tough regulations on hydraulic fracturing but regulations are not duplicative. we don't need to spend all day, getting in a situation with business where we can't give them an answer. when they find we're not doing a very good job in something we go right back at it. >> as we look at all of this. talk about this as a business hub and a tourism hub. $100 million a year come through the rock hall of fame. >> $100 million impact. half a million people come here. on average stay two nights from from more than 100 countries. 50 state
steve wynn wood leading into this segment. we spent 48 hours here showing cleveland is open for business. we talked to the biggest business leaders from all sectors of the economy from oil to banking to the nfl who have proved this place does rock. it's the place to be. >> we were $8 billion in the hole, the largest deficit in history of the our state and we balanced the budget and built this rainy day fund. then we told the regulators, look, business is not enemy. we need good...
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how about it, steve, how are you playing it? >> first of all, scott, i have to pay off a debt to dave. he kicked my butt on the golf course. he rallied big. i'll get him next week. as far as the market goes, though, here's what i would say. earnings for the third quarter everybody knows they are going to be terrible. my daughters know they will be terrible, my dogs know it's going to be terrible. that's discounted in the market which will drive the market from here is the fourth quarter guidance and guides for 2013 and those are still very robust numbers in the s&p if they don't the major companies report don't take a hatchet to those earnings forecasts. so i think they will be okay. spain is the big issue. they will come in and ask for a bailout which is why a lot of credit funds are working today because maybe it was today. >> you're nothing if not a name dropper, right? i'm glad you don't throw out the names of the high rollers that you roll with. >> you judge by the company you keep. which is why i'm sitting as far away from
how about it, steve, how are you playing it? >> first of all, scott, i have to pay off a debt to dave. he kicked my butt on the golf course. he rallied big. i'll get him next week. as far as the market goes, though, here's what i would say. earnings for the third quarter everybody knows they are going to be terrible. my daughters know they will be terrible, my dogs know it's going to be terrible. that's discounted in the market which will drive the market from here is the fourth quarter...
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Oct 4, 2012
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. >>> but first, those fed minutes right now with steve leisman. steve? >> brian, thanks very much. these are the minutes from the monumental meeting where the federal reserve decided on open-ended quantitative easing. the minutes show all members but one, the dissenter jeffrey lacker, agreed on quantitative easing. deciding without additional qe, the labor market would not improve given the underlying economic fundamentals. among the reasons for the decision, they looked at the europe crisis saying it polesed economic downside risk. members were concerned with the upcoming u.s. fiscal cliff and a number of participants highlighted the uncertainty of qe. i talk about members in the first part. those are voters. now participants are the fuller board. as we'll see in a little bit, this fuller board includes hawks but they're not in the voting rotation right now. some of those object as they say qe probably works best under financial market stress, not under the current conditions. it won't help an economy plagued by uncertainty. it could complicate the tightening of policy when it is
. >>> but first, those fed minutes right now with steve leisman. steve? >> brian, thanks very much. these are the minutes from the monumental meeting where the federal reserve decided on open-ended quantitative easing. the minutes show all members but one, the dissenter jeffrey lacker, agreed on quantitative easing. deciding without additional qe, the labor market would not improve given the underlying economic fundamentals. among the reasons for the decision, they looked at the...
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. >>> one year ago today, steve jobs, the visionary cofounder of apple, died at the age of 56 after a long battle with pancreatic cancer. the company remains an industry powerhouse despite the loss of their leader. >>> now on to our top story tonight. good news on the jobs front. according to the household survey, 700, i'm sorry, 873,000 people found a job last night. last month. that brought the unemployment rate down to 7.8% for the first time in 3 1/2 years. the employers survey though reported a very different number, only 114,000 people found a job. that means, 759,000 people found a job but they aren't showing up on the payroll. how is that possible? with me to sort it all out, phil angelides, former california treasurer and campaign surrogate for president obama. thank you so much for coming on the show tonight. >> a pleasure. melissa: a lot of people have spent the day trying to reconcile these two numbers. of course these surveys are done very differently. the household people call people at home, say are you looking, are you working? employer survey they grow to the employer
. >>> one year ago today, steve jobs, the visionary cofounder of apple, died at the age of 56 after a long battle with pancreatic cancer. the company remains an industry powerhouse despite the loss of their leader. >>> now on to our top story tonight. good news on the jobs front. according to the household survey, 700, i'm sorry, 873,000 people found a job last night. last month. that brought the unemployment rate down to 7.8% for the first time in 3 1/2 years. the employers...
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Oct 5, 2012
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and steve hartman "on the road" in search of a pumped-up pumpkin. >> we have a monster pumpkin coming. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening, the dreadful string is broken. for the first time in 44 months the unemployment rate has fallen below 8%. the latest jobs numbers from the labor department were surprisingly strong. they show the unemployment rate was 7.8% in september. that is down three tenths of a point from august. the economy created 114,000 jobs and the labor department revised upward the job creation numbers for the previous two months. it now says 181,000 jobs were created in july and 142,000 in august. a total of 86,000 more than first reported. we asked anthony mason to tell us what's behind these improved numbers. >> reporter: in circle pines, minnesota, where dell corps systems makes food package magazines, c.e.o. dale anderson has 160 employees. >> i think the economy has really -- it's picking up. >> reporter: ryan is one of these new workers. after leaving his job in construction, he retrained to beco
and steve hartman "on the road" in search of a pumped-up pumpkin. >> we have a monster pumpkin coming. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening, the dreadful string is broken. for the first time in 44 months the unemployment rate has fallen below 8%. the latest jobs numbers from the labor department were surprisingly strong. they show the unemployment rate was 7.8% in september. that is down three...
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as steve kroft reported in 2009, many people believe it had more to do with wall street speculation than with oil companies. >> to understand what happened to the price of oil, you first have to understand the way it's traded. for years, it's been bought and sold on something called the commodities futures market. here at the new york mercantile exchange, it's traded alongside cotton and coffee, copper and steel by brokers who buy and sell contracts to deliver those goods at a certain price at some date in the future. it was created so that farmers could gauge what their unharvested crops would be worth months in advance, so that factories could lock in the best price for raw materials and airlines could manage their fuel costs. but in late 2007, that market started to behave erratically. and when oil doubled to more than $147 a barrel, no one was more suspicious than dan gilligan. >> we have to make sure that the futures market is an honest market. >> as the president of the petroleum marketers association, he represents more than 8,000 retail and wholesale suppliers, everyone from home
as steve kroft reported in 2009, many people believe it had more to do with wall street speculation than with oil companies. >> to understand what happened to the price of oil, you first have to understand the way it's traded. for years, it's been bought and sold on something called the commodities futures market. here at the new york mercantile exchange, it's traded alongside cotton and coffee, copper and steel by brokers who buy and sell contracts to deliver those goods at a certain...
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i don't think mitt romney had much in the way of specificity other than to steve's appointment, backing away from the $5 trillion tax cut the president said he's proposed. i think there's a lot of unanswered questions still for governor romney. gerri: steven, do you believe that? the $5 trillion issue, you know, the president says every single day on the campaign trail that mitt romney will raise taxes on the middle class. was that sufficiently answered? >> i think it was. i thought that was the weakest point for mitt romney, the first two minutes where he backed away from the things he argued or not campaign trail and almost apologetic he's offering a tax cut. embrace the cut, gone on the offense of the tax cut if i was mitt romney. at one point after mitt romney said, look, mr. president, what you say is not true. it's not the case that it will necessarily result in a tax hike for the middle class. he said it three times, and the last time, president obama said, okay, because there's a new -- there's a column written by by colleague at the weekly standard who interview the the directo
i don't think mitt romney had much in the way of specificity other than to steve's appointment, backing away from the $5 trillion tax cut the president said he's proposed. i think there's a lot of unanswered questions still for governor romney. gerri: steven, do you believe that? the $5 trillion issue, you know, the president says every single day on the campaign trail that mitt romney will raise taxes on the middle class. was that sufficiently answered? >> i think it was. i thought that...
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steve things, one, heading into the defense industry and the stealing stuff that is costing us hundreds of billions of dollars to develop a new fighter , submarine. stealing that and they then have all of that technology. the second thing the arguing, and we aren't sure why, is there are getting in and hacking and snooping around all of our computer systems. looking at the electric grid, the water supply system. gerri: this does not make me feel good. >> you don't know why they're doing it. did they use it in some kind of warfare situation? that some point the mere threat of saying we could shut down the electric grid on the east coast of the united states. we don't want you to do a darn thing when we take over taiwan. >> the big 2003 blackout in the northeast, some people say it was triggered by a chinese actor who made a mistake. fifty americans died that time. also, a florida black of the some people attribute to china. they're going after the infrastructure backbone in the united states because in a wartime scenario it would be very useful to be able to shut down like. >> they would
steve things, one, heading into the defense industry and the stealing stuff that is costing us hundreds of billions of dollars to develop a new fighter , submarine. stealing that and they then have all of that technology. the second thing the arguing, and we aren't sure why, is there are getting in and hacking and snooping around all of our computer systems. looking at the electric grid, the water supply system. gerri: this does not make me feel good. >> you don't know why they're doing...
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at the open system that microsoft propagated opting for a closed system to be controlled by one man, steve jobs. one look at the market capitalizations shows the wisdom of jobs' position. more important for this matter is the fact that microsoft's customers ended up in a business that reminds me of the uncoded free sheet paper business, the commodity where there can be no value added. yes, they, the customers, the dells and hewlett-packards, are the true losers of the bill gates movement. hewlett-packard isn't just personal computing but it's printing and consulting. i loathe the printers. as far as consulting goes, take a look how well their competitors are doing. the companies i work for, i pray they see the light and go apple. hewlett-packard is a huge company with quite a hold on the tech budgets of big corporations. but the company will eventually will ripped out of the enterprise. you can't have something that young people hate prevail forever. funny thing, younger people, they get older. and they take the reins from the relics who jammed dell and hewlett-packards down our throats. s
at the open system that microsoft propagated opting for a closed system to be controlled by one man, steve jobs. one look at the market capitalizations shows the wisdom of jobs' position. more important for this matter is the fact that microsoft's customers ended up in a business that reminds me of the uncoded free sheet paper business, the commodity where there can be no value added. yes, they, the customers, the dells and hewlett-packards, are the true losers of the bill gates movement....
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that's the old steve jobs still at work and they need to break with that. >> steve wouldn't you know it the president talks right in the middle of our conversation. i'm going to have to let you go and hopefully we can restart this at a later date. >> that's fine. thank you. i'll defer to the president. >> jim start your talking some apple. as we wait for the president to start talking about the jobs number we'll go to john harwood for a quick preview what his message might be. john is in washington. good morning, john. >> good morning. i think his message will be one we've heard from the administration which is first of all they are delighted by the news. delighted the rate is under 8%. delighted the august numbers were revised upward. but also have a tempered tone and say we got a lot of work to do because we do as one economic analyst told my colleague at the "new york times" earlier today this economy seems to only have three gears, slow, or reverse. it's not a good economy for president obama to be running with but this is good news. it was good news for the country that just a f
that's the old steve jobs still at work and they need to break with that. >> steve wouldn't you know it the president talks right in the middle of our conversation. i'm going to have to let you go and hopefully we can restart this at a later date. >> that's fine. thank you. i'll defer to the president. >> jim start your talking some apple. as we wait for the president to start talking about the jobs number we'll go to john harwood for a quick preview what his message might be....
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at the open system that microsoft propagated opting for a closed system to be controlled by one man, steve jobs. one look at the market capitalizations shows the wisdom of jobs' position. as apple is currently worth about 2.5 times what microsoft is worth. more important for this matter is the fact that microsoft's customers ended up in a business that reminds me of the uncoded free sheet paper business, the archetypal commodity where there can be no virtually no value added. yes, they, the customers, the dells and hewlett-packards, are the true losers of the bill gates experiment. hewlett-packard isn't just personal computing but it's printing and consulting. i loathe the printers. each machine has a different cartridge type i never remember the number when i get to the store. as far as consulting goes, take a look how well their competitors are doing. i pray that those companies that the companies i work for, one day, will see the wisdom and adopt apple so i can chuck these silly constantly freezing machines into the toxic waste pit that should be their -- that will put them elsewhere. h
at the open system that microsoft propagated opting for a closed system to be controlled by one man, steve jobs. one look at the market capitalizations shows the wisdom of jobs' position. as apple is currently worth about 2.5 times what microsoft is worth. more important for this matter is the fact that microsoft's customers ended up in a business that reminds me of the uncoded free sheet paper business, the archetypal commodity where there can be no virtually no value added. yes, they, the...
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let's go down to steve. >> dan, thank you. lee westwood giving a hug to the winning captain. 13 years ago at brookline, you were on the receiving end of a dramatic moment when justin leonard made a putt against you on the 17th hole. that propelled the u.s. to come back from a 10-6 deficit. today, you guys come back. what does this mean to you? >> not just for me, but for the all of europe, for one that remain for my four vice captains and that band, i don't know which side. this one is for all of you. >> you told me this morning that you felt seve in the team room last night. you felt that he could propel you guys to a victory today. how was his presence felt this afternoon? >> well, seve will always be present with this team. he was a big factor for this event. for the europe side. and last night when we were having that meeting, i think the boys knew that believing was the most important thing and i think they did. >> you've won a couple of major
let's go down to steve. >> dan, thank you. lee westwood giving a hug to the winning captain. 13 years ago at brookline, you were on the receiving end of a dramatic moment when justin leonard made a putt against you on the 17th hole. that propelled the u.s. to come back from a 10-6 deficit. today, you guys come back. what does this mean to you? >> not just for me, but for the all of europe, for one that remain for my four vice captains and that band, i don't know which side. this one...
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let's go down to steve. >> dan, thank you. lee westwood giving a hug to the winning captain. 13 years ago at brookline, you were on the receiving end of a dramatic moment when justin leonard made a putt against you on the 17th hole. that propelled the u.s. to come back from a 10-6 deficit. today, you guys come back. what does this mean to you? >> not just for me, but for the all of europe, for one that remain for my four vice captains and that band, i don't know which side. this one is for all of you. >> you told me this morning that you felt seve in the team room last night. you felt that he could propel you guys to a victory today. how was his presence felt this afternoon? >> well, seve will always be present with this team. he was a big factor for this event. for the europe side. and last night when we were having that meeting, i think the boys knew that believing was the most important thing and i think they did. >> you've won a couple of major championships. you told me earlier in the week, it was very difficult to watch
let's go down to steve. >> dan, thank you. lee westwood giving a hug to the winning captain. 13 years ago at brookline, you were on the receiving end of a dramatic moment when justin leonard made a putt against you on the 17th hole. that propelled the u.s. to come back from a 10-6 deficit. today, you guys come back. what does this mean to you? >> not just for me, but for the all of europe, for one that remain for my four vice captains and that band, i don't know which side. this one...
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steve jobs would fire tim cook. he would fire everyone involved in maps and he would berate them in front of everyone. he was not a nice man and yet everyone loved him anyway. >> lifelock posted a little below the range. maybe a little disappointment there. i might be able to see that. certainly one that we're going to watch, a big week for ipos, of course, one of the busiest. berry plastics tomorrow and pretty sizeable deals. >> and one of the things that we need to see is some pulse down here. there was a lot of social media, people got gaffed. any time you see new companies, you think, maybe i should stop shorting goldman sachs and maybe there is a sign of capital formation. p excellent show stopper yesterday. and mark cuban was so great and the destruction of the capital markets. cuban, cooperman, these guys are not idle thinkers. they are the best we have. and high frequency trading has destroyed a lot. >> and suggesting you tax intraday trades 50%, trades less than a minute, 100%, that would cut down on it in
steve jobs would fire tim cook. he would fire everyone involved in maps and he would berate them in front of everyone. he was not a nice man and yet everyone loved him anyway. >> lifelock posted a little below the range. maybe a little disappointment there. i might be able to see that. certainly one that we're going to watch, a big week for ipos, of course, one of the busiest. berry plastics tomorrow and pretty sizeable deals. >> and one of the things that we need to see is some...
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steve schmidt and many others will all be helping us bring you the big show. starting at 8:00 p.m. eastern going all the way to midnight. we will see you tomorrow. now it's time for "the last word" with lawrence o'donnell. >>> can mitt romney win the debate tonight? yes and i will show him how to do that. will he win? this is mitt romney we're talking about. what are the odds of him taking my advice. >> both presidential candidates battening down the hatches. >> who's going to bring the dynamite to denver. >> only with an day to go. >> the great debate. >> the rocky mountain showdown. >> 350e78 want to know who's going to win. >> who's going to score the punches. >> what you need is sin certifity, if you can fake that you can do everything. >> mitt romney tried to show his empathy. >> i don't think there's anything that shows more empathy. >> i'm sfriesed it took him that long to get there. he didn't spend enough time in the middle. >> romney's task is more difficult. >> romney's task is more difficult. >> he has to introduce himself to the american people. >> how many times can yo
steve schmidt and many others will all be helping us bring you the big show. starting at 8:00 p.m. eastern going all the way to midnight. we will see you tomorrow. now it's time for "the last word" with lawrence o'donnell. >>> can mitt romney win the debate tonight? yes and i will show him how to do that. will he win? this is mitt romney we're talking about. what are the odds of him taking my advice. >> both presidential candidates battening down the hatches. >>...
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one of the largest lenders on the hot seat. >>> and would steve jobs approve of the way ceo steve cook apologized for the so-called mapple gate? much more "squawk on the street." i'm bara ck o bama and i approve i'm bara this message. ck o romney: "it's time to stand up to the cheaters" vo: tough on china? not mitt romney. when a flood of chinese tires threatened a thousand american jobs... it was president obama who stood up to china and protected american workers. mitt romney attacked obama's decision... said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. when you take a closer look... ...at the
one of the largest lenders on the hot seat. >>> and would steve jobs approve of the way ceo steve cook apologized for the so-called mapple gate? much more "squawk on the street." i'm bara ck o bama and i approve i'm bara this message. ck o romney: "it's time to stand up to the cheaters" vo: tough on china? not mitt romney. when a flood of chinese tires threatened a thousand american jobs... it was president obama who stood up to china and protected american workers....
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earlier some attributed part of the rally to what chicago fed bank president charlie evans told our steve liesman this morning on cnbc. listen. >> in my opinion, we'd continue with the asset purchases until we see payroll employment more like 200,000, 250,000. >> you're saying continue at 85 billion into all of 2013? that would be your recommendation? >> this is my recommendation. >> so is the fed's bond buying spree fueling the markets and should we be worried it won't last? that's what we're talking about right now. eric is with us of gerring wealth management. he says yes. gary clark says be defensive knew, expect a rally after the election. thanks for joining us. harry, why do you expect a rally after the election? we'll get nr clarity then? >> that's one thing. the uncertainty is the death of the market. i think we're going to get a correction first. the market is tired. the tired gain of last month was two days. ecb day and qe forever day. that's not good for the markets. the market needs a correction. think now anywhere from 5% to 8% will do it. a lot of money out there waiting to
earlier some attributed part of the rally to what chicago fed bank president charlie evans told our steve liesman this morning on cnbc. listen. >> in my opinion, we'd continue with the asset purchases until we see payroll employment more like 200,000, 250,000. >> you're saying continue at 85 billion into all of 2013? that would be your recommendation? >> this is my recommendation. >> so is the fed's bond buying spree fueling the markets and should we be worried it won't...
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when you think about apple post steve jobs and we saw what happened to apple post steve jobs in the '80s, can it keep up? >> absolutely. i think that he's put together a great team, leadership is very important within apple and steve took as much pride in leadership of apple as he did the product itself and he's crafted i think a great team to follow him. he can't be replaced. >> after he left in the '80s and you were there, apple faltered. it's easy to say. >> apple faltered because he had the wrong ceo and a guy who didn't understand the tech business but under current of apple when steve came back the reason they accelerated so successfully is in place was a great culture and great group of people who were still there. apple was in place, unfortunately they didn't have a right product division. >> do you have views on hewlett-packard? >> absolutely. greatest success of apple and part of my book is called the product vision. and hewlett-packard has totally lost its product vision. here they had the greatest printer in the world, they had the printer market, they don't do that anymor
when you think about apple post steve jobs and we saw what happened to apple post steve jobs in the '80s, can it keep up? >> absolutely. i think that he's put together a great team, leadership is very important within apple and steve took as much pride in leadership of apple as he did the product itself and he's crafted i think a great team to follow him. he can't be replaced. >> after he left in the '80s and you were there, apple faltered. it's easy to say. >> apple faltered...
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steve liesman joins us from chicago with a very exclusive interview. steve? >> yes, thanks very much. i'm here in chicago with the chicago federal reserve president charlie evans. >> nice to be here. >> a year ago you laid out this idea of pegging policy to unemployment, and to inflation, given what the federal reserve just did, do you feel vindicated and the follow-up to that is do you feel satisfied, is it enough? >> well, last year i was here and i was talking a lot about our dual mandate responsibilities and i mentioned that with the unemployment rate at that time at 9% that was unacceptably high and we need to focus more on our dual mandate responsibilities. i feel good that our most recent statement and policy is focusing on strongly on the labor market, we're looking for substantial improvement in labor market conditions, the criteria for how long we're going to continue with very accommodative policies and that's a step in the right direction. >> a step in the right direction but is it enough? you want the fed to do this for a particular reason, which
steve liesman joins us from chicago with a very exclusive interview. steve? >> yes, thanks very much. i'm here in chicago with the chicago federal reserve president charlie evans. >> nice to be here. >> a year ago you laid out this idea of pegging policy to unemployment, and to inflation, given what the federal reserve just did, do you feel vindicated and the follow-up to that is do you feel satisfied, is it enough? >> well, last year i was here and i was talking a lot...
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steve faneli with the a's says he's not worried about what's left. >> well i think with all the uncertainty, you know when are we playing, what time are you playing, who are you playing it does not prize me that tickets are still available. but at some point when it's all clarified i hope tickets would go pretty quick. >> reporter: fineli says the sell out crowd is 45,000. about 20,000 tickets were sold in last night's play off game against the rangers. >>> we want to see your oakland a's fever captured in a photo. ivonne vasquez sent us this one. >>> voters started casting ballots for the president in ohio. >> mitt romney is in denver tonight preparing for tomorrow night's big debate. romney took a break today and went out to a chipotle restaurant. while he was there he took a picture. when asked if he was ready for the debate, romney said, getting there. and obama also visited the hoover dam just outside of las vegas. the president said one of his aides mentioned it was just 15 miles away so they decided to go. the president said it was the first time he had ever visited the hoover dam. o
steve faneli with the a's says he's not worried about what's left. >> well i think with all the uncertainty, you know when are we playing, what time are you playing, who are you playing it does not prize me that tickets are still available. but at some point when it's all clarified i hope tickets would go pretty quick. >> reporter: fineli says the sell out crowd is 45,000. about 20,000 tickets were sold in last night's play off game against the rangers. >>> we want to see...
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Oct 7, 2012
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here's steve hartman. >> that's history reporter: history it's actually history reporter: pumpkin history. for david in and pumpkin growers across the globe, this is the year they've all been waiting for, the year they would hopefully get to see a pumpkin that makes these look like pom granite seeds, that dwarfs even the 1500-pound giants you see at contests, a pumpkin so massive most growers thought the pound adjust wasn't possible >> it would basically implode. that the shell of the pumpkin the ribs inside wouldn't be strong enough to hold that weight >> reporter: like aerospace and the sound barrier, sports and its four-minute mile, the holy grail for giant pumpkin people has always been the one-ton pumpkin. for decades growers have been pursuing this in vein. >> 1500 pounds reporter: but a few months ago rumors started circulating that there were some giants growing in the backyard of this house in green rhode island even though the owner planted foliage to discourage looky-lous, people were trying to get a peak. the grower wanted to downplay expectations until at least one of them go
here's steve hartman. >> that's history reporter: history it's actually history reporter: pumpkin history. for david in and pumpkin growers across the globe, this is the year they've all been waiting for, the year they would hopefully get to see a pumpkin that makes these look like pom granite seeds, that dwarfs even the 1500-pound giants you see at contests, a pumpkin so massive most growers thought the pound adjust wasn't possible >> it would basically implode. that the shell of...
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>> i do. >> steve see you back in a bit? >> we'll talk about draghi at 8:30 and jobless claims. >>> right now breaking news, julia boorstin has more on what's happening with facebook. >> that's right, the facebook announcing it has 1 billion monthly active users and 600 million mobile users, mark zuckerberg saying, making this announcement saying "i'm committed to working each day to make facebook better for you and hopefully one day we'll be able to connect the rest of the world." this is a major milestone for the company. facebook hit 500 million active users, doubling its size in two years. mark zuckerberg taped an interview with matt lauer airing exclusively on the "today" show shortly, that sitdown his first since the ipo coming up later this afternoon. >> yesterday afternoon i saw a headline, facebook is going to charge you $7 if you want to send posts, headlines to your friends. sounded crazy. >> facebook is testing all sorts of different ad models and facebook gives you the option of paying to promote your post to yo
>> i do. >> steve see you back in a bit? >> we'll talk about draghi at 8:30 and jobless claims. >>> right now breaking news, julia boorstin has more on what's happening with facebook. >> that's right, the facebook announcing it has 1 billion monthly active users and 600 million mobile users, mark zuckerberg saying, making this announcement saying "i'm committed to working each day to make facebook better for you and hopefully one day we'll be able to...
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steve forbes follows up and says welch is right. does governor romney put any stock in those theories and have any suspicions at all about the bls numbers? >> george, the numbers themselves are very damning. when you look at it, we had fewer jobs created in september than were created in august, fewer jobs created in august than were created in july. our unemployment rate has come down because for -- since president obama took office for every new job created more than six workers have left the labor force. if labor force participation was what it was when the president took office, unemployment would be around 10.7%. these jobs that were added in september were largely part-time jobs. so we still have 23 million american, that number has not changed at all, would are either unemployed or out of work entirely or are underemployed working or out of the workforce entirely or underemployed working part time instead of full time or not in a job commensurate with their skills, half of the college students coming out of, you know, with de
steve forbes follows up and says welch is right. does governor romney put any stock in those theories and have any suspicions at all about the bls numbers? >> george, the numbers themselves are very damning. when you look at it, we had fewer jobs created in september than were created in august, fewer jobs created in august than were created in july. our unemployment rate has come down because for -- since president obama took office for every new job created more than six workers have...
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steve faneli with the a's says he's not worried about what's left. >> well i think with all the uncertainty, you know when are we playing, what time are you playing, who are you playing it does not prize me that tickets are still available. but at some point when it's all clarified i hope tickets would go pretty quick. >> reporter: fineli says the sell out crowd is 45,000. about 20,000 tickets were sold in last night's play off game against the rangers. >>> we want to see your oakland a's fever captured in a photo. ivonne vasquez sent us this one. >>> voters started casting ballots for the president in ohio. >> mitt romney is in denver tonight preparing for tomorrow night's big debate. romney took a break today and went out to a chipotle restaurant. while he was there he took a picture. when asked if he was ready for the debate, romney said, getting there. and obama also visited the hoover dam just outside of las vegas. the president said one of his aides mentioned it was just 15 miles away so they decided to go. the president said it was the first time he had ever visited the hoover dam. o
steve faneli with the a's says he's not worried about what's left. >> well i think with all the uncertainty, you know when are we playing, what time are you playing, who are you playing it does not prize me that tickets are still available. but at some point when it's all clarified i hope tickets would go pretty quick. >> reporter: fineli says the sell out crowd is 45,000. about 20,000 tickets were sold in last night's play off game against the rangers. >>> we want to see...
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it's been a year since the death of steve jobs. has apple gotten past the tragic loss, or is it steel relying on the ideas of its late ceo? >>> and, numbers game? former labor secretary elaine chow reacts to critics claiming something is out of whack with the drop in today's unemployment rate. >>> also, no room for a view. why did ikea exclude women from its ads in saudi arabia? brilliant marketing plan or a giant misstep? we'll assemble the facts coming up on the "closing bell." at optionsxpress we're all about options trading. we create easy-to-use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! we knew you needed a platform that could really help you elevate your trading. so we built it. chances of making this? it's a lot easier to find out if a trade is potentially profitable. just use our trade & probability calculator and there it is. for all the reasons you trade options - from income to risk management to diversif
it's been a year since the death of steve jobs. has apple gotten past the tragic loss, or is it steel relying on the ideas of its late ceo? >>> and, numbers game? former labor secretary elaine chow reacts to critics claiming something is out of whack with the drop in today's unemployment rate. >>> also, no room for a view. why did ikea exclude women from its ads in saudi arabia? brilliant marketing plan or a giant misstep? we'll assemble the facts coming up on the...
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steve, thank you very much indeed for coming in. listening to muallem's speech, what sort of insight does it give us into the way the syrian regime is thinking right now? >> well, the foreign minister repeated almost verbatim what they called this uprising from the very beginning. they depicted it as driven by foreign elements, as a conspiracy against the syrian people, against the syrian nation, and it's a way of denying any legitimacy to the claims of the opposition and rejecting the possibility that the regime itself might have some culpability for the violence that has racked syria for the past 18 months, if not longer. so they've developed this as a way to fend off any responsibility and to shift the blame onto others. unfortunately they found support for their narrative including russia and iran and that has not got them to see things in a way more willing to talk about the possibility for change. >> also, very strong words about the u.s., which, of course, has only been providing nonlethal support to the opposition. is that y
steve, thank you very much indeed for coming in. listening to muallem's speech, what sort of insight does it give us into the way the syrian regime is thinking right now? >> well, the foreign minister repeated almost verbatim what they called this uprising from the very beginning. they depicted it as driven by foreign elements, as a conspiracy against the syrian people, against the syrian nation, and it's a way of denying any legitimacy to the claims of the opposition and rejecting the...
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we're getting your fourth quarter play back from pete and steve here with me and stephanie link and steve grasso and i will start with you. given what happened last week in the market, did you guys come in today a little skeptical about this move in the market and then we got the ism report and that changed your way of thinking? >> i think you always come in skeptical because you wonder how much is window dressing and how much is the market itself creating and when you look at it, i think there are great opportunities going toward the fourth quarter. i am looking at certain areas i want to remine offensive and remain opportunistic and i am looking at certain names i know you like as well and i still think apple is under valued and goes higher. that's one of the names i would point out. if our on the defensive side i am looking at the big pharma names where you are looking at the valuation and the yield as well as the big money center banks and i would also stick with something like a kkr, black stone, and a lot of students depending how aggressive or offensive or defensive you want to be.
we're getting your fourth quarter play back from pete and steve here with me and stephanie link and steve grasso and i will start with you. given what happened last week in the market, did you guys come in today a little skeptical about this move in the market and then we got the ism report and that changed your way of thinking? >> i think you always come in skeptical because you wonder how much is window dressing and how much is the market itself creating and when you look at it, i think...
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years to play against the steve is being. me today it was a tight battle in the opening quarter but in the second says moved up a gear and never looked back as will come on t.v. one seemed exhausted after surprising win over the euro league title holders olympiacos in the semifinal on saturday. the host delivered a strong performance constantly moving the ball well and not alone any easy shots for a local messina who turned fifty three that night had a chance to experiment on the courts in order to find the right replacement for the n.b.a.'s minnesota timberwolves new signings undertaken a lanka and alex a shred as a result says going crees their margin to twenty points seven minutes before the end of the match eventually cruising past their bones to a confident eighty two sixty five weeks or a. week. before. during the tournament we played against both finalists of last season's usually we try their best but tonight we've only competed in the first two quarters and the third are the fans failed and we simply couldn't get bac
years to play against the steve is being. me today it was a tight battle in the opening quarter but in the second says moved up a gear and never looked back as will come on t.v. one seemed exhausted after surprising win over the euro league title holders olympiacos in the semifinal on saturday. the host delivered a strong performance constantly moving the ball well and not alone any easy shots for a local messina who turned fifty three that night had a chance to experiment on the courts in...
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here is sal. >>> steve, good morning. right now traffic does pretty well around the bay as we look at some of the roads. we are off to a nice start on 80 westbound as you head out to the mccarthur maze with no major problems. alsos morning commute looks good at the bay bridge toll plaza. let's go back to the desk. >>> topping our news this morning a group of protestors left a trail of destruction in downtown oakland. tara moriarty is on franklin street this morning. >> reporter: the windows have
here is sal. >>> steve, good morning. right now traffic does pretty well around the bay as we look at some of the roads. we are off to a nice start on 80 westbound as you head out to the mccarthur maze with no major problems. alsos morning commute looks good at the bay bridge toll plaza. let's go back to the desk. >>> topping our news this morning a group of protestors left a trail of destruction in downtown oakland. tara moriarty is on franklin street this morning. >>...
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i agree with steve forbes that foreign currency can is standard of value by which every imeerp europe has to guide the investment and decisions is like floating the hour so that people wouldn't have to work so many. one month you'd have the hour worth 50 minutes. the next is 70 minutes and you'd soon have an hour. the swats and insurance policy just to guide the economy. one of the things that happened over the last decade is that we've had a -- of fitness -- [inaudible] of we imper prize. and the reason for excess of phenomenon. the reason it's the wealthy and chi has migratedded to fitness. the currency is so unstable. so much money can be made in betting on the ups and downs of our currency and against foreign currencies inspect is a big danger today. a lot of people attack the chinese for manipulating the currency, but the chinese just want to keep the ciewrpt sei stable. that's all the chinese want to do. they to maintain the dplar as a starpt of value. it's us that are debauching the currency. the threat to the american dollar does to the come in bay shinning, they defend the do
i agree with steve forbes that foreign currency can is standard of value by which every imeerp europe has to guide the investment and decisions is like floating the hour so that people wouldn't have to work so many. one month you'd have the hour worth 50 minutes. the next is 70 minutes and you'd soon have an hour. the swats and insurance policy just to guide the economy. one of the things that happened over the last decade is that we've had a -- of fitness -- [inaudible] of we imper prize. and...
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as if somehow the company that steve jobs c
as if somehow the company that steve jobs c
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i look forward to hearing from steve. as we heard from jane wells california drivers are fuming after a spike in gas prices last week sent prices up past $5 a gallon. the governor now has called for the immediate release of a cheaper but less environmental friendly blend of gas to help bring prices down. david hackett is an energy consultant in irvine, california. he joins us from there. good to see you, david. good morning. is this the solution? >> this is a great step. going to the winter blend will allow the refiners reduce 10% of gasoline. that's like adding another refinery to the market. >> how much is this the structure of refining in that state. why is this happening? >> well, the evidence points towards refining problems. a fire at the chevron richmond refinery in august. power bumped knocked exxonmobil off line last monday. two of the big reasons. and then, of course, this is a difficult market to resupply from long distance. we're sort of an island. when there's a sudden supply short fall it's tough to get addi
i look forward to hearing from steve. as we heard from jane wells california drivers are fuming after a spike in gas prices last week sent prices up past $5 a gallon. the governor now has called for the immediate release of a cheaper but less environmental friendly blend of gas to help bring prices down. david hackett is an energy consultant in irvine, california. he joins us from there. good to see you, david. good morning. is this the solution? >> this is a great step. going to the...
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steve, thank you very much. we're running a little short on time. we're going to take a quick break right now and we'll be back with you a little bit later. >>> we'll be right back. >>> let's look in once again at chairman bernanke finishing up his prepared remarks, second away to the first questions that he will receive from the head of the economic club of indiana. meantime, steve leisman, what do you expect the first or the most prevalent line of questioning will be? >> it's hard to know. i assume there are a lot of economists in the audience there. i think the big question for the market is going to be what he expects the fed to do in january once operation twist i understand. we had an answer from charlie evans this morning. he thinks the fed should keep adding to its balance sheet. right now what it's doing with operation twist is selling short-term securities and buying long-term ones. the effect of that is neutral as to the size of the balance sheet. charlie evans says he wants to take the $40 billion they're spending on mortgages, continue
steve, thank you very much. we're running a little short on time. we're going to take a quick break right now and we'll be back with you a little bit later. >>> we'll be right back. >>> let's look in once again at chairman bernanke finishing up his prepared remarks, second away to the first questions that he will receive from the head of the economic club of indiana. meantime, steve leisman, what do you expect the first or the most prevalent line of questioning will be?...
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steve stricter, oh, no, scared the match. he makes the putt. you are up. oh, you can't serious. what an incredible comeback for europe. they win 14.5 to 13.5. europe one 8 of the 12 matches today. an epic collapse by the united states. >> it was of the last night we were talking about oh, americans got it. yes. >> now. >> tonight on game day? >> we have reporters in oakland and denver and new york. >> everywhere. >> all right. thank you very much. we will see you back here in half an hour and ,,,,,,,,,,,,,,
steve stricter, oh, no, scared the match. he makes the putt. you are up. oh, you can't serious. what an incredible comeback for europe. they win 14.5 to 13.5. europe one 8 of the 12 matches today. an epic collapse by the united states. >> it was of the last night we were talking about oh, americans got it. yes. >> now. >> tonight on game day? >> we have reporters in oakland and denver and new york. >> everywhere. >> all right. thank you very much. we will see...
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let's bring in our panel, steve hays weekly standard. charles lane, washington post and syndicated columnist, charles krauthammer. charles? >> well, the numbers are tricky because when you get a drop in the rate and then you get this anemic job-- anemic increase in the numbers of jobs, they contradict each other. the reason that you can these contradictions, each of them comes from a completely different survey. the anemic rise in new jobs comes from the survey of employers and it's a huge and vast survey. where one out of every three employers is collected. whereas the unemployment rate comes from the survey of households where it's only 6/10 of 1% of 1% of all households are being surveyed. so, you've got a very small sample. it doesn't mean that one is right and the other is wrong, but it could mean that the second one where you have this very small one you could have huge fluctuation. we don't know which is right except for one things, austan goolsbee who was the president's economist says the only one you can rely on is gdp in the e
let's bring in our panel, steve hays weekly standard. charles lane, washington post and syndicated columnist, charles krauthammer. charles? >> well, the numbers are tricky because when you get a drop in the rate and then you get this anemic job-- anemic increase in the numbers of jobs, they contradict each other. the reason that you can these contradictions, each of them comes from a completely different survey. the anemic rise in new jobs comes from the survey of employers and it's a...
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steve? >> steve: i come out and how did the car get there? october the commencement of the 2nd vatican counsel. pope john mikely to be canonized. what legacy did pope john pal leave? greg? ! good morning to you . >> steve: we'll talk about this particular guy and he became hope in 1958. they done have high expectations for him. >> he was one of the younger cardinals at 76 years old and expected him to rapefor a few years until a perhaps younger person could issue elected for a longer pontificate. >> steve: but they had vatican 2 and people who are noncatholics, it was basically what? >> a council and meeting of all of the bishops summoned to and discuss issues affecting the church and hadn't been one for 90 years and 400 years before that. >> steve: it modernized the catholic church. >>ed the church's position . it was inward and defensive if you will for centuries he opened the doors and windows and invited the world in the church and church to engage with the world. >> steve: that took a mighty broadleap. generally popes want to keep it the
steve? >> steve: i come out and how did the car get there? october the commencement of the 2nd vatican counsel. pope john mikely to be canonized. what legacy did pope john pal leave? greg? ! good morning to you . >> steve: we'll talk about this particular guy and he became hope in 1958. they done have high expectations for him. >> he was one of the younger cardinals at 76 years old and expected him to rapefor a few years until a perhaps younger person could issue elected for a...
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let me get your take, steve. on the jobs report on friday, what should we expect? >> i think it's going to come in lighter than the adp. the adp has been a poor indicator of the jobs number. i think there's a reason the fed gave us qe-3, because they saw the softness in the labor market. i think it could come in a little on the weak side. more importantly, the official jobs number is the revisions backwards. they've been going back through previous months and knocking down those numbers. i think i wouldn't be surprised if it came in a little soft. >> kate, do you agree with that? if so, is this priced into the market? >> yes, absolutely priced in, maria. great question. what they're going to expect is for it to be terrible. if it isn't terrible, we'll see a rally. what matters most to this market is earnings. we're in pre-earnings disappointment season where we're going to float a little bit until earnings come out. we've seen a friend where earnings have beat expectations. we've gone down to earnings, earnings beat expectations, then we've had a good rally. i thin
let me get your take, steve. on the jobs report on friday, what should we expect? >> i think it's going to come in lighter than the adp. the adp has been a poor indicator of the jobs number. i think there's a reason the fed gave us qe-3, because they saw the softness in the labor market. i think it could come in a little on the weak side. more importantly, the official jobs number is the revisions backwards. they've been going back through previous months and knocking down those numbers....
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here to explain all of that, our senior economics reporter steve leisman. steve? >> sue, thanks very much. sue, this number is a product of simple math. but whether it's telling us about the real strength of the job market is something investors and the fed are going to have to think long and hard about. take a look at how we got here. first a little bit of the math. the unemployment rate is calculated by essentially taking the number of unemployment and simply dividing it by the labor force. plug in the numbers. 7.8% unemployment rate gives us -- calculates from 12.1 million unemployed divided by the 155.1 million labor force. you can do that at home, if you like. and now here's what happened this month. okay? the number of unemployed dropped by nearly half a million. down by 456,000. the number of employed in this household survey up by 873,000. but wait, because the one thing we're watching here is the number of people who were employed but were part-time but they wanted full time work. we call it for economic reasons. up by 582,000. that's the third september
here to explain all of that, our senior economics reporter steve leisman. steve? >> sue, thanks very much. sue, this number is a product of simple math. but whether it's telling us about the real strength of the job market is something investors and the fed are going to have to think long and hard about. take a look at how we got here. first a little bit of the math. the unemployment rate is calculated by essentially taking the number of unemployment and simply dividing it by the labor...